Gjensidige

Gjensidige, a Norwegian company in the insurance and pension funding services industry, reported total carbon emissions of approximately 3.94 billion kg CO2e in 2025. This includes about 379,000 kg CO2e from Scope 1 emissions, 282,000 kg CO2e from Scope 2 (market-based), and approximately 3.94 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions were investments, accounting for about 3.85 billion kg CO2e, and purchased goods and services, at approximately 79.76 million kg CO2e.

In 2024, Gjensidige's total carbon emissions were approximately 3.42 billion kg CO2e. This comprised about 434,000 kg CO2e from Scope 1, 438,000 kg CO2e from Scope 2 (market-based), and roughly 3.42 billion kg CO2e from Scope 3. Investments were the largest component of Scope 3, contributing approximately 3.34 billion kg CO2e.

For 2023, the company's total emissions were about 528.67 million kg CO2e, with Scope 1 at 319,000 kg CO2e, Scope 2 (market-based) at 340,000 kg CO2e, and Scope 3 at approximately 528.02 million kg CO2e. Investments made up about 423.31 million kg CO2e of the Scope 3 total.

Gjensidige is committed to achieving net-zero emissions in its investment portfolios by 2050. The company has also set Science Based Targets initiative (SBTi) commitments, with targets covering 89% of its total investment and lending by all financed emissions as of 2022. The SBTi has classified Gjensidige's near-term targets for company operations (Scopes 1 and 2) as consistent with limiting warming to 1.5°C, with a target year of 2030.